Which of the following is not a benefit of using IT-based controls?
A) ability to process large volumes of transactions
B) ability to replace manual controls with computer-based controls
C) reduction in misstatements due to consistent processing of transactions
D) reduction in internal control evaluation in setting control risk

Question

Quizplus · Accepted Answer

Using IT-based controls does not reduce the need for internal control evaluation in setting control risk, as the effectiveness of IT-based controls should still be assessed and monitored. A is a benefit, as IT can process large volumes of transactions efficiently. B is a benefit, as IT can automate manual controls to reduce errors and increase efficiency. C is a benefit, as IT can apply consistent processing logic and reduce the risk of misstatements.

Which of the Following Is Not a Benefit of Using